Ahead of elections, the government on Wednesday (Sep 25) announced constitution of the Seventh Pay Commission, which will go into the salaries, allowances and pensions of about 80 lakh of its ... more&nbsp

Ahead of elections, the government on Wednesday (Sep 25) announced constitution of the Seventh Pay Commission, which will go into the salaries, allowances and pensions of about 80 lakh of its employees and pensioners. "Prime Minister Manmohan Singh approved the constitution of the 7th Pay Commission. Its recommendations are likely to be implemented with effect from January 1, 2016", Finance Minister P Chidambaram said in a statement. less&nbsp